Oracle Modern Best Practice for Banking—Procurement

Contract Creation to Spend Compliance

With high-quality contracts, your organization is protected from third-party noncompliance and legal liability. Create contracts from a library of standard terms and conditions and tailor them to your risk control standards. Review, modify, and approve contract deviations via a secured collaboration on any mobile device. Determine contract effectiveness and improve negotiation with analysis linked to purchase transactions.

Author Contract

Create contracts through guided authoring or by assembling preapproved terms and conditions for requirements including customer-issue-based Service Level Agreements and regulatory compliance such as the Consumer Financial Protection Bureau or the local equivalent.